Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 13	B	Strong	Up	Down	Down	6.41%
Oct 12	B	Weak or Absent	Up	Down	Down	5.28%
Oct 11	C	Weak or Absent	Up	Down	Down	1.80%
Oct 10	B	Weak or Absent	Up	Down	Down	1.91%
Oct 9	B	Weak or Absent	Up	Down	Down	2.21%
Oct 6	B	Weak or Absent	Up	Down	Up	-3.58%
Oct 5	B	Weak or Absent	Up	Down	Flat	-1.84%
Oct 4	A	Weak or Absent	Up	Down	Flat	-2.66%
Oct 3	B	Weak or Absent	Up	Down	Down	-1.91%
Oct 2	B	Weak or Absent	Up	Down	Down	-2.22%